PartnershipJun 19, 2026, 10:01 AM
XAI Funds Propose King Street as Sub-Adviser; Webinar Scheduled
AI Summary
XAI Floating Rate & Alternative Income Trust (XFLT) and XAI CLO & Income Opportunities Fund (OCTIX) announced a proposed sub-advisory agreement with King Street Capital Management. The Boards of Trustees of both funds unanimously approved the agreement, believing it to be in the best interests of shareholders. A webinar is scheduled for June 30, 2026, at 11:00 a.m. ET, where XAI and King Street representatives will discuss the changes and potential benefits. Shareholders will receive a proxy statement with detailed information and are encouraged to vote for the approval of the agreement.
Key Highlights
- XAI Floating Rate & Alternative Income Trust (XFLT) and XAI CLO & Income Opportunities Fund (OCTIX) propose King Street Capital Management as new sub-adviser.
- Boards of Trustees of both funds unanimously approved the King Street Sub-Advisory Agreement.
- A webinar is scheduled for June 30, 2026, at 11:00 a.m. ET to discuss the proposed changes.
- Kimberly Flynn and Kevin Davis from XAI, and Young Choi from King Street, will present at the webinar.
- Shareholders will receive a proxy statement and are encouraged to vote FOR the approval of the agreement.
Price Impact
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